Comments on: California Homes Now Undervalued? http://www.brokerforyou.com/brokerforyou/california-homes-now-undervalued.html San Diego real estate - San Diego real estate market 'Inside' views & opinion Sat, 12 Jul 2014 10:45:48 +0000 hourly 1 http://wordpress.org/?v=4.0 By: San Diego California real estate http://www.brokerforyou.com/brokerforyou/california-homes-now-undervalued.html/comment-page-1#comment-80202 Mon, 08 Jun 2009 18:31:02 +0000 http://www.brokerforyou.com/brokerforyou/?p=994#comment-80202 Homes will always be unaffordable to the average person in high priced CA as long as government subsidize home owners in the form of mortgage tax deductions, and Fannie Mae bailouts. Remove the interest tax deduction and watch the prices correct 50%. This place a bottom on home prices and increase home ownership than further government meddling. The issue is affordability, not unemployment. Prices are still too high due to government tax policies and bad lending practices.

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]]> By: San Diego income property http://www.brokerforyou.com/brokerforyou/california-homes-now-undervalued.html/comment-page-1#comment-80201 Mon, 08 Jun 2009 18:30:08 +0000 http://www.brokerforyou.com/brokerforyou/?p=994#comment-80201 We’re only seeing the last of the 1 and first of the 3 year ARMs getting their bumps now. Remember that even though housing was slowing refinancing were very strong. Not only that but most people that played that game pulled equity out too which means they essentially lump themselves in with the last of the buyers. Even if you say the top was at the end of ’06, and it wasn’t, we still need to get through all of ’09 just to clear out the last of the 3 year ARMs. And the only way those people don’t get hit hard is if property values not just stabilize but actually rise a bit as lending standards are tighter and they will have to come up with some equity.

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